Acquisition

RNS Number : 7939Q

Alpha Tiger Property Trust Limited

09 August 2010

 



9 August 2010

ALPHA TIGER PROPERTY TRUST LIMITED ("ALPHA TIGER" OR THE COMPANY")

approval of investment in Close High Income Properties PLC ("CHIP")

The Board of Alpha Tiger welcomes the announcement today by CHIP stating that all resolutions at its AGM and EGM were passed with the necessary majorities to facilitate the Company's investment in CHIP as previously announced on 13 July 2010.

The Company will invest £4.75m in CHIP by way of convertible unsecured loan stock earning a coupon of 4.75% and 18% redemption premium if not converted.

For further information please contact:

Alpha Tiger Property Trust Limited

David Jeffreys, Chairman, Alpha Tiger                              [phone]

Brad Bauman, Joint Fund Manager, Alpha Tiger                [phone]

Panmure Gordon, Nominated Adviser to the Company                                                                                                                                                                             

Richard Gray/Andrew Potts/Stuart Gledhill                       [phone]

Notes to editors:

About Alpha Tiger Property Trust

Further information is available at www.alphatigerpropertytrust.com

 

END

 

 

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